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Denmark totaek advantages from Iranian nuclear deal

Denmark totaek advantages from Iranian nuclear deal

COPENHAGEN: Danish businesses and consumers are both likely to benefit greatly from Tuesday’s nuclear agreement between Iran and world powers once the sanctions against Iran are phased out.

Top Danish export companies such as medical firm Novo Nordisk will enjoy unimpeded access to the world’s 18th largest economy and a market of 78 million people, an estimated five million of whom are diabetics.

Iran will also be able to sell far more of its oil on the world market. The price of crude oil had already fallen to $58 per barrel on Wednesday, a $10 drop over the past month. This should translate directly to lower prices at the petrol pumps for Danish drivers.

The Confederation of Danish Industry (DI), an umbrella organization for over 10,000 Danish companies, is very optimistic about the potential export adventure this could lead to for many Danish businesses. “The Iranian market is one that Denmark traditionally has had a solid foothold in,” Thomas Bostrup, the head of DI, told TV2.

Bostrup accompanied a DI delegation to Iran back in 2001 and said he was struck by the good reputation that Danish companies had in the country.